According to Deep Tide TechFlow news on May 8, ET Realty reported that the blockchain-driven real estate tokenization trading platform Alt DRX announced the completion of a $2.7 million Pre A financing. This round of financing was participated in by institutions such as Qatar Development Bank, Times of India Brand Capital, Hindustan Media Ventures, Zee Group, WeFounder Circle Angel Fund, and nX Capital, and also attracted support from angel investors such as Harsha Bhogle, Parthasarathy, and Richard Rekhy.
Alt DRX is headquartered in Bangalore and is dedicated to tokenizing residential real estate assets through Blockchain technology, providing users with the opportunity to buy and sell residential properties by the square foot. The platform supports algorithmic daily pricing, instant settlement, and offers transparent transaction records. Company co-founder Anand Narayanan stated that this round of financing will be used to purchase residential assets, technology research and development, marketing, and regulatory license fees.
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